HighPoint Advisor Group LLC Lowers Holdings in FS KKR Capital Corp. (NYSE:FSK)

HighPoint Advisor Group LLC lowered its holdings in shares of FS KKR Capital Corp. (NYSE:FSK) by 16.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,128 shares of the company’s stock after selling 28,829 shares during the quarter. HighPoint Advisor Group LLC owned approximately 0.05% of FS KKR Capital worth $3,292,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSK. Kingswood Wealth Advisors LLC grew its holdings in FS KKR Capital by 86.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 224,593 shares of the company’s stock valued at $4,878,000 after buying an additional 104,016 shares in the last quarter. Inspire Advisors LLC lifted its holdings in shares of FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after buying an additional 24,443 shares in the last quarter. Proactive Wealth Strategies LLC grew its stake in FS KKR Capital by 24.8% during the fourth quarter. Proactive Wealth Strategies LLC now owns 64,966 shares of the company’s stock valued at $1,411,000 after acquiring an additional 12,926 shares in the last quarter. Graypoint LLC increased its holdings in FS KKR Capital by 23.1% in the 4th quarter. Graypoint LLC now owns 139,504 shares of the company’s stock valued at $3,030,000 after acquiring an additional 26,174 shares during the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in FS KKR Capital by 15.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 205,935 shares of the company’s stock valued at $4,473,000 after acquiring an additional 27,110 shares during the last quarter. Institutional investors own 36.26% of the company’s stock.

FS KKR Capital Stock Performance

NYSE FSK opened at $20.96 on Tuesday. The business’s 50 day moving average price is $22.51 and its 200-day moving average price is $21.50. FS KKR Capital Corp. has a fifty-two week low of $18.53 and a fifty-two week high of $24.10. The company has a market cap of $5.87 billion, a P/E ratio of 11.15 and a beta of 1.22. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.96 and a current ratio of 2.96.

FS KKR Capital (NYSE:FSK) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). FS KKR Capital had a net margin of 29.98% and a return on equity of 12.31%. The firm had revenue of $407.00 million for the quarter, compared to the consensus estimate of $419.97 million. Sell-side analysts predict that FS KKR Capital Corp. will post 2.89 earnings per share for the current year.

FS KKR Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.70 per share. The ex-dividend date is Wednesday, March 19th. This represents a $2.80 annualized dividend and a dividend yield of 13.36%. FS KKR Capital’s dividend payout ratio (DPR) is presently 122.49%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. B. Riley lowered FS KKR Capital from a “buy” rating to a “neutral” rating and set a $21.50 price objective for the company. in a research report on Wednesday, December 11th. Royal Bank of Canada raised their price target on FS KKR Capital from $21.00 to $22.00 and gave the company a “sector perform” rating in a report on Monday, March 3rd. Wells Fargo & Company cut FS KKR Capital from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $21.00 to $19.00 in a report on Monday, March 17th. Keefe, Bruyette & Woods boosted their price target on shares of FS KKR Capital from $21.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of FS KKR Capital from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, FS KKR Capital presently has an average rating of “Hold” and a consensus target price of $21.30.

FS KKR Capital Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.